FX:GBPCAD is forming a bearish trend change attempt. The Canadian dollar index is declining, while the GBP index is in consolidation against the background of the uptrend. The growth of the currency pair may continue after retesting the support at 1.6977 and forming consolidation above this zone. What confuses us is the false breakdown of the 200-hour moving...
While I like DUOL from fundamentals and momentum leadership perspective, my interpretation of the price structure calls to be very careful to any potential sell- or trend-changing signs. 227-264 area is the zone of important resistance for the first leg of an uptrend trend, starting from May'22 lows. Until price is closing bellow 264 level, I cannot disregard...
Hello friends In the NZDJPY currency pair, we see a 5 wave downtrend. Then we see a rise in the majority of a correction. 5 corrective waves are usually wave A of a zigzag. We observed and counted a 5 wave in the dominant wave A. Wave B has corrected 61.8% of Wave A. Therefore, we are waiting for another wave in the majority of wave C. If you look at the time...
Analyzing gold price in short and medium time frame The resistance will be the 2033 range as wave 4 and the $2006 range as wave 5 For gold, at the moment, every high is corrected, and this week's news will be fundamentally in favor of the dollar and to the detriment of Anas The most important resistance number is 2042
Hi Everyone Currently we are making an correction structure of 123 X 123, so i am expecting an bearish side. Thank You
Pendle is one of the stronger coins currently on the crypto market. We can see that we have had a pretty long consolidation where whales were accumulating coins. Of course they want to make money, so they sent the coin to the upside. We can see that the uptrend is starting to be parabolic, which is very good because you can make a lot of money in a short period of...
XRP is currently sitting on the main support of the ascending parallel channel. This is definitely a great opportunity to buy cheap XRP. We have a leading diagonal wedge as wave (1) followed by a sharp correction wave (2). Wave (3) should be in progress. You can be sure that XRP is a big deal for huge institutions such as banks. They are already investing a lot of...
Doge can crash by a 64%. Why? Because we have a descending triangle on the weekly chart, which is a bearish pattern. Also, how much % profit DOGE made in 2023? 0%. DOGE is going sideways. Do not get me wrong, I believe in future on DOGE, but investors are disappointed compared to other coins. I think we can buy cheap doge in 2024 / 2025. Then to the moon. Let me...
NSE:NIFTY hourly chart shows 5 wave impulse down as of now. In this case, a pullback towards 21800/21900 should occur followed by another fall which should take the prices in 21300/21400 zone at least. Assuming this is wave A of the correction downwards, pullback would be B followed by another impulse C down. Note that this is ideal scenario and the correction...
Observations indicate that NASDAQ:COIN is currently within the fifth wave of a broader wave C. Notably, yesterday saw a reversal from the 0.5 retracement level, signaling the completion of wave 4 and readiness for the forthcoming wave 5. It is customary for wave 1 and wave 5 to exhibit equality in length, a consequence of the extended wave 3. Anticipating this...
In my last post I stated "Should we continue down for the white count I don't want MACD to cross below that red line under any circumstances. If it does, then it starts to make the orange count much more likely." Well, we did in fact breach that red line drawn on MACD. Not by much, but we did in fact cross it. This tells me all the price action from 28 Dec has...
MDB is strong today despite the spy pullback. Once 450 breaks, this can see 500 quick and test all time highs later on . Target #1 450 Target #2 500 Target #3 550, after a pullback
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
As I mentioned in my last update, we very well could be in an ending diagonal. Looking at the price action from last week, the descent was very choppy and overlapping. Generally speaking, ED's are 5-wave motive waves, made up of 3-wave moves. Wave 3's are usually more exaggerated compared to the rest of the motive wave, but there aren't really any rules governing...
We made a new ATH in the DOW JONES so the bullish sequence in the higher time frame continues. We believe we are now working on a wave ((3)). Alternatively, the wave ((1)) might still be ongoing as a leading diagonal. In the lower time frame, it looks like we are moving corrective and that we have not started wave 5 yet. We could be close to complete another WXY structure.
Here is why I love this shit coin: It's a dog-themed meme coin, and everyone loves dogs! It's so cheap, I can buy a lot of it! I'm afraid of missing out (FOMO)! I'm just going to invest a little bit, it can't hurt! I'm going to hold on to SHIB for the long haul! Thus I'm going long SHIB because I think it's going to make me a millionaire. Thank you...
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario...
The best example of EWA growth. It does not look like a crash is coming. Wave 5 is needed. But there is still room for a fall of 10-30%.